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Barclays Sticks to Their Buy Rating for Cognex (CGNX)

Tipranks - Tipranks - Fri Feb 13, 6:10AM CST

In a report released today, Guy Hardwick from Barclays maintained a Buy rating on Cognex, with a price target of $54.00.

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Hardwick covers the Technology sector, focusing on stocks such as IMPINJ, Manhattan Associates, and ScanSource. According to TipRanks, Hardwick has an average return of 2.9% and a 53.85% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cognex with a $45.33 average price target.

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Based on Cognex’s latest earnings release for the quarter ending September 28, the company reported a quarterly revenue of $276.89 million and a net profit of $17.66 million. In comparison, last year the company earned a revenue of $234.74 million and had a net profit of $29.59 million

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